Pluton Resources was also suspended from official quotation at the end of the month, at its request, pending an announcement about its Cockatoo Island iron ore project. Pluton Resources began iron ore shipments in December 2012, funded by prepayments from iron ore buyers, but its agreement with its own Chinese partner for a 50/50 joint venture to operate Cockatoo Island has fallen through and arrangements are being renegotiated.
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Gee that was informative. I didn't know that.
PLV Price at posting:
20.7¢ Sentiment: Hold Disclosure: Held